Bonds are a set of financial products ideally suited to both the financing of long-payback period energy projects and to providing institutional investors with security of returns over the longer term. Climate Bonds are intended to unlock ‘patient capital’: taking savings which require secure returns over long periods of time, such as those held by pension funds, and investing them in low-carbon projects that have high up-front costs but good payback rates over the long term. Climate Bonds need not differ greatly from existing government and corporate bonds, save for their central purpose: the funds they attract are underpinned by real and verifiable energy efficiency and renewable energy projects that in some certifiable manner contribute to the mitigation of climate change. At a minimum this has marketing benefits, allowing investors to report to their members on how their secure investments are also making a contribution to addressing climate change. At a maximum, investors...

This is an Executive Summary report on the “Coal Plants in Transition: An Economic Case Study” prepared by Natural Capitalism Solutions in Colorado. The report makes a strong business case for energy providers to consider transitioning away from coal to a combination of renewable and energy efficiency technologies.  The transition becomes cost effective and quite profitable when combined with revenue streams that result from selling pollution credits (NOx, SO2), carbon credits, water rights, and also fuel savings.       The study specifically considers the Navajo Generating Station as an example. But the report is designed to provide information to utility managers all over the country who are faced with serious economic decisions regarding the future of their coal plants as we enter a carbon and water constrained world.

In 2007, the CNA Military Advisory Board (MAB) released the landmark report “National Security and the Threat of  Climate Change,” which found that climate change constitutes a “threat multiplier” to existing security risks in some of the most volatile regions in the world. A 2008 National Intelligence Assessment con?rmed the report ?nding that climate change is a serious threat to national security and long-term global stability. The MAB, which is comprised of some of the nation’s most respected retired admirals and generals, also found that “Climate change, national security, and energy dependence are a related set of global challenges.” The following is a report produced by CNA expanding on previous findings.

This report presents full analysis of the research ?ndings. It includes results from a UK-  wide survey of 1,500 managers and ten case studies based on interviews conducted among a range of organisations in different sectors. It also provides key conclusions and recommendations, drawn from the research, to help individual managers and organisations adapt to the challenges they face. This research has been led by the Chartered Management Institute in partnership with the Institution of Engineering and Technology (IET) and the UK Business Council  for Sustainable Energy, supported by EDF Energy and the Association of Chief Police Of?cers, Cymru. The Centre for Environmental Strategy at the University of Surrey was the research partner. 

This booklet is for UK businesses of all sizes. It presents the case for action to make cost savings, grasp new market opportunities and address strategic risks in an economy where resources such as energy, raw materials and water need to be used more effectively. It also highlights the benefits of engaging staff, costumers and suppliers in the pocess of change.